Ghana puts bauxite, lithium and iron ore in the spotlight to woo Australian capital
Ghana has stepped up efforts to attract Australian investment into its growing critical minerals sector, pitching the country as a stable and reform-driven destination for mining and value-added mineral development at the 2026 Africa Down Under (ADU) Summit in Perth. The Ghanaian delegation was led...
Alcoa prices $2.6b senior notes for South32 bauxite, alumina and aluminium deal
Alcoa Corporation has set the price for a USD 2.6 billion senior notes offering to help finance the cash consideration for its proposed acquisition of South32’s bauxite, alumina, and aluminium assets . Along with the cash on hand, this debt is expected to provide permanent funding for the...
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Australian Bauxite updates Share Purchase Plan
Australian Bauxite Limited (ABx) holds the core of the newly discovered Eastern Australian Bauxite Province. Its 38 bauxite tenements in Queensland, NSW and Tasmania covering 8,250 km2 were rigorously selected on 3 Principles: 1. Good quality bauxite; 2. Proximity to infrastructure connected to...
Rio Tinto mine in Australia gives higher returns
Energy Resources of Australia's Ranger mine in the Northern Territory returned to higher levels in the absence of the extreme rain events that dogged the operation in 2011. But as previously advised by ERA, Ranger was a loss-maker in the June half at the $50 million- $60m forecast range. The listed...
BMO Capital undergrades Alumina Limited to "Underperform"
Alumina Limited was downgraded by analysts at BMO Capital Markets from a “market perform” rating to an “underperform” rating in a research report issued to clients and investors on Wednesday. AWC has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase...
Alumina shares down 6.7% to $2.92
Alumina (NYSE:AWC) is one of today's worst performing low-priced stocks, down 6.7% to $2.92 on 1.2x average daily volume. Thus far today, Alumina has traded 412,000 shares, vs. average volume of 337,000 shares per day. The stock has underperformed the Dow (-6.7% to the Dow's -0.2%) and...
Canadian Helicopters renews contract with miner Rio Tinto
Canadian Helicopters Group Inc. says its Australian subsidiary has inked a deal to renew its contract with mining giant Rio Tinto, with contract revenues expected to be at least A$125 million. The Montreal-based helicopter company's subsidiary Helicopters Australia Pty Ltd. said it will replace two...
Yarwun refinery to began alumina production
In any other town the word "bauxite" doesn't mean much. In Gladstone, pretty much everyone knows that bauxite is the red stuff that feeds the region's alumina refineries. Another term that has become synonymous with the Gladstone Region is Yarwun 2, the $2.4 billion expansion of Rio Tinto Alcan's...
LIGNITE Ltd withdraws its applications for three Collie coal exploration licences
LIGNITE Pty Ltd has withdrawn its applications for three Collie coal exploration licences, covering an area stretching from Collie Burn through Collie townsite to Allanson. Despite the withdrawal, Collie objectors will be back in the Warden’s Court next month to fight moves by Premier Coal and...
Global Data's new report on "Asia-Pacific Bauxite Mining Regulatory and Fiscal Regime…"
Research and Markets has announced the addition of Global Data's new report "Asia-Pacific Bauxite Mining Regulatory and Fiscal Regime Report, 2012 - Regulatory Framework, Rights and Obligations and Key Fiscal Terms" to their offering. Global Data's mining industry offering, Asia-Pacific Bauxite...
Queensland Miners lobby to reform tenement auctions
Potential bidders for mining tenements in Queensland are lobbying the recently-elected Newman government to resolve environmental, native title and infrastructure issues before calling for tenders, according to a report by The Australian. Chinese aluminium giant Chalco is among the strongest voices...
China Imported 24,470 Thousand tons of Bauxite from Jan. to May
According to the data from China Customs, China imported 6,274 thousand tons of bauxite in May. From Jan. to May, China imported a total of 24,473 thousand tons of alumina and the amount increased to 42.4% from the last year. According to statistics, China imported 5,564 thousand tons of bauxite...
Chalco to bid again for the Aurukun bauxite deposits on the Cape York
CHINESE aluminium giant Chalco says it could bid again for the Aurukun bauxite deposits on the Cape York Peninsula after burning $100 million in an unsuccessful attempt to shore up a mine and alumina refinery before being stripped of the leases by the Queensland government last year. The Hong...
Tasmanian Government refuses to offer power deals to smaller manufacturers
The Tasmanian Government has refused to be drawn on the possibility of offering smaller manufacturers cut price power deals, like those offered to two northern Tasmanian smelters. Last week, it was announced the Pacific Aluminium smelter at Bell Bay had signed a new power deal with Hydro Tasmania...
Hunter coal mines will survive carbon tax
Climate Change Minister and Charlton MP Greg Combet stood firmly in front of the stacks at Newstan Colliery as he delivered the message that Hunter coalmines would not be affected by the controversial carbon tax. The minister for climate change said he wanted to be at a coalmine in his own...
Steve Irwin Reserve on Cape York might be mined
The Steve Irwin Reserve on Cape York is expected to be mined, with Environment Minister Andrew Powell yesterday moving to wind back Wild Rivers environment protection. Mr Powell released a scoping paper for a proposed management plan, which is expected to replace Wild Rivers protection on at least...
Australian Bauxite Limited upgrades its Binjour Bauxite Resources
Emerging bauxite exploration and development company, Australian Bauxite Limited has bauxite tenements totalling more than 8,700 km2 covering the core of the Eastern Australian Bauxite Province . ABx considers its Binjour Project located 100kms from Bundaberg Port to be a state significant...
LME approves Brand Name Change For Alcoa's Australia Aluminum Brand
The London Metal Exchange has approved the name brand change for high grade aluminum produced by Alcoa Inc (AA) in Australia. The exchange approved the name brand change of "Alcoa of Australia" to "PTH-ALCOA" under the High Grade Primary Aluminium contract.
Power deal to secure Australia's Bell Bay aluminium smelter's future
Australia's Bell Bay aluminium smelter reached a new 13-year power supply deal to help secure the long-term future of the 182,000-tonnes-a-year plant in the face of depressed market conditions, miner Rio Tinto said on Thursday. The 57-year-old smelter, located in the island state of Tasmania, is...
Bauxite Resources Ltd. Retains RB Milestone Group LLC as Its Corporate Communications Firm
RB Milestone Group LLC , a high-end corporate communications firm specializing in small-cap companies in a variety of industries, has just announced that Bauxite Resources Limited has retained RBMG to strengthen shareholder value with Market Intelligence, Corporate Advisory, Public Relations, and...
